One of the Ethereum wallets created during the initial coin offering (ICO) has been activated for the first time in over ten years. Its owner transferred 100.275 ETH (approximately $195,000 at the time of the transaction) to a new address.
This is reported by Finway
Transaction Details and Investor Returns
According to analysts, during the ICO, the wallet owner invested about $124, receiving 401.1 ETH. At the time of the asset transfer, the value of this portfolio was estimated at $835,000. If the investor had decided to fully liquidate their assets, the return on the initial investment would have exceeded 6,700 times.
“An Ethereum ICO wallet (0xF37b) transferred 100.275 $ETH ($208.8K) to a new wallet after 10.6 years of dormancy. He invested only $124 in the ICO and received 401.1 $ETH — now worth $835K, a 6,716x return!”
Discussion in the Cryptocurrency Community
On the social media platform X (formerly Twitter), users noted the exceptional long-term strategy of the investor. One commentator emphasized that the $124 investment turned into $835,000 without active trading, leverage, or additional risk, highlighting the importance of patience and belief in the technology.
Other users believe that the movement of funds could indicate either preparation for a sale or a change in the method of storing assets. It was also noted that even such a significant profit could be difficult to realize due to potential price slippage when selling a large number of coins.
At the time of writing, Ethereum prices are hovering around the $1950 mark.
ETH/USDT Chart on Binance. Data: TradingView.